Friday, October 28, 2016

Q3 GDP: a positive for the present, but ...

- by New Deal democrat

As you probably already know, real Q3 GDP was preliminarily reported at +2.9% this morning, well above expectations.

Politically, that is good news for Hillary Clinton, as the economy has accelerated to a decent pace in the last Quarter before the election -- although it suggests an improvement to a majority on the order of 52/48 vs. 51/49.

But when we look out 12+ months ahead ... well, Indian Summer is inevitably followed by the Gales of November.....